Chevy Malibu Insurance Cost – 2022 Average Rates + Rankings

How much does Chevy Malibu insurance cost? We break down average rates from the base LS trim up to the Premier model to see how prices rank against other midsize sedans.

Start QuoteCompare Malibu car insurance rates and save on your next policy.

How much does Chevy Malibu car insurance cost?

Plan on budgeting an average of $1,584 a year to insure a Chevrolet Malibu for full coverage, or around $132 a month. Collision coverage is around $612 a year, liability and medical coverage will cost an estimated $588, and the remaining comprehensive will cost around $384.

The following chart demonstrates how average Chevy Malibu car insurance rates fluctuate based on the age of the rated driver and insurance policy deductibles.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average insurance cost for a 2022 Chevrolet Malibu with safe driver and claim-free discounts applied. Rates are for full-coverage insurance and averaged for all U.S. states and all Chevrolet Malibu trim levels.Data last updated on September 27, 2022
Chevrolet Malibu Car Insurance Rates
Chevrolet Malibu Insurance Cost by Driver Age and Deductibles
Driver Age Deductible Annual Cost Monthly Cost
20$1,000$2,692$224
$500$3,128$261
$250$3,588$299
30$1,000$1,410$118
$500$1,658$138
$250$1,916$160
40$1,000$1,358$113
$500$1,584$132
$250$1,820$152
50$1,000$1,240$103
$500$1,444$120
$250$1,654$138
60$1,000$1,218$102
$500$1,416$118
$250$1,624$135

In order to help you comprehend the full range of possible rates, think about the fact that buying a liability-only policy in some parts of Vermont or Wisconsin may cost as little as $204 a year, while a newly-licensed teenage driver with a poor driving record in some zip codes in Detroit, MI, may have to pay as much as $30,602 a year for a policy that provides full coverage.

Some additional noteworthy insights as they relate to Chevy Malibu insurance rates include:

  • It’s expensive to buy high risk insurance. For a 30-year-old driver, having too many driving record violations or accidents can cause a rate increase of $1,912 or more per year.
  • Increasing deductibles lowers insurance cost. Raising the comprehensive and collision deductibles from $500 to $1,000 could save around $226 per year for a 40-year-old driver and $436 per year for a 20-year-old driver.
  • The lower deductible you choose, the higher the policy cost. Dropping your physical damage deductibles from $500 to $250 could cost an additional $236 per year for a 40-year-old driver and $460 per year for a 20-year-old driver.
  • Malibu insurance rates for teens are expensive. Average rates for full coverage Malibu insurance costs $5,748 per year for a 16-year-old driver, $5,336 per year for a 17-year-old driver, and $4,972 per year for a 18-year-old driver.
  • Obey the law to get lower rates. To pay the cheapest possible Malibu insurance rates, it pays to drive safe. Just a couple of traffic tickets have the consequences of increasing policy cost as much as $416 per year. Serious convictions such as hit-and-run, DUI or reckless driving could raise rates by an additional $1,442 or more.
  • Earn a discount from your profession. Many auto insurance companies offer discounts for specific occupations like architects, high school and elementary teachers, members of the military, accountants, lawyers, and other occupations. Having this discount applied to your policy may save between $48 and $159 on your yearly Malibu insurance premium.
  • Driver gender influences rates. For a 2022 Chevrolet Malibu, a 20-year-old male will pay an average rate of $3,128 per year, while a 20-year-old female pays an average of $2,338, a difference of $790 per year. The females get much better rates. But by age 50, the male rate is $1,444 and the rate for females is $1,416, a difference of only $28.

Does Malibu insurance cost more than other midsize cars?

The Chevrolet Malibu ranks #7 out of 13 total vehicles in the 2022 midsize car segment. The Malibu costs an average of $1,584 per year for full coverage insurance, while the class average rate is $1,589 annually, a difference of $5 per year.

When compared to other midsize models, insurance for a Malibu costs $82 more per year than the Toyota Camry, $4 less than the Honda Accord, $122 less than the Nissan Altima, and $18 less than the Tesla Model 3.

The chart below shows how average Malibu car insurance rates compare to nine other midsize cars that together make up the top 10 selling models in America.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Average rates are for a 2022 model year Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Malibu trim levels. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Chevrolet Malibu vs Top 10 Midsize Cars Insurance Rate Comparison
Chevrolet Malibu Insurance Cost Compared to All Midsize Cars
Rank Make/Model Insurance Cost Difference
1Subaru Legacy$1,480-$104
2Honda Insight$1,482-$102
3Kia K5$1,498-$86
4Toyota Camry$1,502-$82
5Volkswagen Passat$1,508-$76
6Mazda 6$1,518-$66
7Chevrolet Malibu$1,584--
8Honda Accord$1,588$4
9Tesla Model 3$1,602$18
10Volkswagen Arteon$1,660$76
11Nissan Altima$1,706$122
12Hyundai Sonata$1,736$152
13Kia Stinger$1,798$214

What is the cheapest Chevy Malibu car insurance?

The cheapest Chevy Malibu insurance can be found on the base LS Sedan trim (MSRP of $24,395) costing $1,494 per year and the RS Sedan trim (MSRP of $25,395) costing an average of $1,528.

Anticipate a monthly payment of around $125 to insure a Malibu for full coverage. This payment can vary significantly, however, based on the age of the driver, location, policy limits, and driving record.

The $34,495 Premier Sedan trim is the most expensive to insure, costing an average of $234 more per year than the cheapest LS Sedan model.

The rate table below shows average insurance cost for a 2022 Malibu for different trim levels policy terms.

2022 Chevrolet Malibu Insurance Cost by Trim Level
Chevrolet Malibu Trim Level Annual Policy 6-month Policy Per Month
LS Sedan$1,494$747$125
RS Sedan$1,528$764$127
LT Sedan$1,588$794$132
Premier Sedan$1,728$864$144

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium. Physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Chevrolet Malibu Insurance Cost by Trim Level

How much is insurance on a used Malibu?

The table below shows average Chevy Malibu car insurance rates for a range of driver age groups and Chevrolet Malibu model years. In this example, insurance costs range from the cheapest rate of $1,022 for a 60-year-old driver rated on a 2013 Chevrolet Malibu to the most expensive yearly cost of $2,860 for a 20-year-old driver rated on a 2019 Malibu.

Chevrolet Malibu Insurance Cost for 2013-2022 Models
Model Year Driver Age 20 Age 30 Age 40 Age 50 Age 60
2022$3,128$1,658$1,584$1,444$1,416
2021$2,804$1,486$1,416$1,290$1,264
2020$2,758$1,458$1,390$1,268$1,244
2019$2,860$1,504$1,444$1,320$1,290
2018$2,762$1,450$1,394$1,270$1,246
2017$2,702$1,418$1,362$1,244$1,222
2016$2,518$1,318$1,270$1,158$1,138
2015$2,452$1,282$1,230$1,124$1,104
2014$2,332$1,220$1,174$1,074$1,052
2013$2,270$1,182$1,142$1,042$1,022

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates assume clean driving record and no at-fault accidents. Full coverage physical damage deductibles are $500 and rates are averaged for all U.S. states.Data last updated on September 27, 2022
Chevrolet Malibu Insurance Cost by Model Year

Sooner or later, you will need to decide when to delete physical damage coverage from the policy. As a vehicle loses value over time, the costs required to keep physical damage protection surpasses the benefits provided by having it.

Deleting full coverage on an older Chevrolet Malibu may save the average driver $610 per year, depending on the level of physical damage deductibles and the driver age.

How much does Malibu insurance cost where I live?

Depending on where you live, the cost of insuring your Malibu can vary from more expensive rates like $2,630 a year in Las Vegas, NV, and $2,624 in Los Angeles, CA, down to cheaper amounts like $988 a year in Raleigh, NC, or $1,190 in Columbus, OH.

The bar chart below details average Chevy Malibu car insurance rates in 15 large metro areas in America. For this chart, rates range from $1,190 per year in Columbus, OH, to $2,988 in New York City, a difference of $1,798.

Get Rates in Your AreaWhy is this important?

Chart Data Details: Chart shows average car insurance rates for a 2022 Chevrolet Malibu, 40-year-old married male driver with safe driver and claim-free discounts applied. Physical damage deductibles are $500 and rates are the average for all Chevrolet Malibu trim levels.Data last updated on September 27, 2022
Chevrolet Malibu Insurance Rates in Large U.S. Cities
Chevrolet Malibu Insurance Rates by Location
City/State Annual Rate Monthly Rate
New York, NY$2,988$249
Philadelphia, PA$2,638$220
Los Angeles, CA$2,624$219
San Francisco, CA$2,260$188
Jacksonville, FL$2,246$187
San Jose, CA$1,870$156
Phoenix, AZ$1,818$152
San Diego, CA$1,780$148
Chicago, IL$1,722$144
Dallas, TX$1,692$141
Houston, TX$1,684$140
Indianapolis, IN$1,594$133
San Antonio, TX$1,516$126
Austin, TX$1,440$120
Columbus, OH$1,190$99

Which states are cheapest for Chevy Malibu insurance?

States like Maine ($1,094) and Iowa ($1,146) have cheaper Malibu insurance rates, while states like New York ($1,684), Louisiana ($2,292), and Michigan ($2,522) tend to be on the expensive side.

Most of the other states do not really trend toward either extreme, with states like Alabama, Tennessee, and Kansas included in this group with average Chevrolet Malibu insurance rates of $1,288, $1,254, and $1,594 per year, respectively.

The table below shows annual, 6-month, and monthly average insurance rates for a 2022 Malibu in all 50 states.

Chevrolet Malibu Insurance Cost by U.S. State
U.S. State Annual Cost 6-month Cost Monthly Cost
Alabama$1,288$644$107
Alaska$1,388$694$116
Arizona$1,408$704$117
Arkansas$1,692$846$141
California$1,814$907$151
Colorado$1,690$845$141
Connecticut$1,534$767$128
Delaware$1,608$804$134
Florida$2,312$1,156$193
Georgia$1,532$766$128
Hawaii$1,074$537$90
Idaho$1,250$625$104
Illinois$1,278$639$107
Indiana$1,180$590$98
Iowa$1,146$573$96
Kansas$1,594$797$133
Kentucky$1,842$921$154
Louisiana$2,292$1,146$191
Maine$1,094$547$91
Maryland$1,428$714$119
Massachusetts$1,296$648$108
Michigan$2,522$1,261$210
Minnesota$1,392$696$116
Mississippi$1,494$747$125
Missouri$1,684$842$140
Montana$1,542$771$129
Nebraska$1,512$756$126
Nevada$1,734$867$145
New Hampshire$956$478$80
New Jersey$1,494$747$125
New Mexico$1,268$634$106
New York$1,684$842$140
North Carolina$1,006$503$84
North Dakota$1,314$657$110
Ohio$922$461$77
Oklahoma$1,538$769$128
Oregon$1,326$663$111
Pennsylvania$1,330$665$111
Rhode Island$1,864$932$155
South Carolina$1,460$730$122
South Dakota$1,432$716$119
Tennessee$1,254$627$105
Texas$1,492$746$124
Utah$1,306$653$109
Vermont$1,050$525$88
Virginia$1,022$511$85
Washington$1,200$600$100
West Virginia$1,424$712$119
Wisconsin$1,074$537$90
Wyoming$1,454$727$121

Get Rates in Your AreaWhy is this important?

Table Data Details: Average rates are for a 2022 Chevrolet Malibu, 40-year-old married male driver with a clean driving record and no at-fault accidents. Safe driver and claim-free discounts are applied to policy premium, which is averaged for all Chevrolet Malibu trim levels. Physical damage deductibles are $500 and rates are averaged for all zip codes in each state.Data last updated on September 27, 2022
Chevrolet Malibu insurance rates by U.S. state